The USD/CHF remains in a range bound trading just like its cousin EUR/USD ever since the European Central Bank cut its Interest rate to a record low of 0.15% making the Euro currency weak against all its rivals.

Meanwhile, the greenback also remained under pressure after the Fed gave no indication of when interest rates could start to rise at the conclusion of its two-day meeting on Wednesday. In addition, the Fed’s forecast of where interest rates might reach in the long term fell from 4% to 3.75%.The central bank cut its bond purchases by $10 billion a month, to $35 billion, saying there was “sufficient underlying strength” in the U.S. economy to continue tapering.

Technically, weekly bias remains neutral and i will be suggesting a range trading strategy should be applied when currently trading this currency pair. So i suggest buying the dips or bottom around 0.89200 and 0.89077 supports or demand zones and also selling the rips or tops at 0.90100 and 0.90362 resistances or supply zones.

A clear break below 0.89077 supports ( June 5 low) would resume further fall in the pair to 0.87118/0.86989 demand zones. However a clear break above 0.90362 resistance ( June 5 high) would resume further rise in the pair to 0.91100/0.91550 supply zones. Key economic indicators investors would be taking a close watch on in the coming week are U.S Core Durable goods, CB Consumer Confidence, New Home Sales, Existing Home Sales, German Flash Manufacturing PMI, German Ifo Business Climate and German Prelim CPI y/y.